Mission Produce, Inc. (NASDAQ:AVO) CEO Sells $1,508,896.91 in Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 103,847 shares of Mission Produce stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $14.53, for a total value of $1,508,896.91. Following the completion of the transaction, the chief executive officer now owns 1,790,966 shares of the company’s stock, valued at $26,022,735.98. The trade was a 5.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mission Produce Price Performance

AVO stock opened at $14.18 on Friday. The business has a 50 day moving average price of $13.20 and a 200 day moving average price of $11.87. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 42.97 and a beta of 0.54. Mission Produce, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $15.25.

Wall Street Analysts Forecast Growth

Several research firms have commented on AVO. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm boosted their target price on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Institutional Trading of Mission Produce

Institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Mission Produce during the second quarter worth about $53,000. Point72 DIFC Ltd purchased a new position in Mission Produce during the 2nd quarter worth approximately $53,000. nVerses Capital LLC acquired a new position in Mission Produce during the second quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mission Produce in the second quarter valued at approximately $73,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mission Produce in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.